Here’s the inflation breakdown for May 2023, in one chart
The consumer price index rose at its slowest pace in two years in May, the U.S. Bureau of Labor Statistics said Tuesday.
What does it take to be wealthy? Well-being is a more important measure than money or assets, survey finds
A new Charles Schwab survey finds well-being, not money, has become the leading measure of wealth for most adults today.
Europe stocks close higher with central bank meetings in focus; gilt yields surge on UK labor data
European stock markets ended the day higher Tuesday as investors digested strong U.K. labor figures and U.S. inflation data.
‘Aggressive’ China cyberattacks are the ‘defining threat’ of our time, top U.S. cyber official says
Chinese hackers could threaten critical pipelines and transport infrastructure in the event of open conflict, CISA director Jen Easterly warned.
The whole world wants A.I. — and the market will deliver, Sam Altman says
“We’re going to make models more efficient. We’re going to make way more chips,” said OpenAI CEO Sam Altman in Singapore.
Nvidia-backed platform that turns text into A.I.-generated avatars boosts valuation to $1 billion
Artificial intelligence-based video generation platform Synthesia has raised $90 million from investors including Nvidia, the company told CNBC exclusively.
Trump indictment live updates: Ex-president raises money for campaign after arraignment
Former President Donald Trump pleaded not guilty in court in Miami as he faces 37 federal counts for his retention of hundreds of classified documents.
Alphabet-backed U.K. payment firm GoCardless to cut 15% of headcount
The layoffs are part of broader plans for the company to lower its costs by 15%.
Paul McCartney says A.I. got John Lennon’s voice on ‘last Beatles record’
“We were able to take John’s voice and get it pure through this AI, so that then we could mix the record as you would normally do,” McCartney said.
UK short-term borrowing costs shoot past ‘mini-budget’ crisis levels on strong labor data
The two-year gilt yield hit its highest level since late August 2008.
